The main economy of Europe has slowed down: the growth of German GDP was the lowest since the debt crisis. This is stated in the report published on the website of the Bundesbank. At the end of last year the economy grew by 0.6 percent.
Reasons, in particular, lie in the slowing exports. Indicators could be offset by domestic demand, but only partially. On the other hand, active growth was recorded in the construction sector and services.
Earlier in January, similar data for GDP growth presented the Federal statistical office of Germany (Destatis). Experts pointed out that the pace was the slowest in 2013. Simultaneously 2019 was the tenth year of continuous growth of German economy. Prior to that, annual GDP declined in 2009 due to the global financial crisis. Then the figure was 5.6 percent.
The so-called debt crisis in Europe started in 2010. It began in Greece and Ireland, and then moved almost all the countries of the zone. The source of the crisis is called the crisis of the market of government bonds in Greece in the fall of 2009.
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